Banking in the 21st Century: The Transformation of an Industry

  • David T. Llewellyn
  • Published 1996


A central theme of this paper is that, over the next decade and beyond, the banking industry (and financial systems in general) is likely to be subject to a major degree of structural and operational change. Some of the inherent comparative advantages possessed by banks (and which have sustained their dominant position) are being eroded. The pressures… (More)


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